Midday Need to Know: Putin signals Ukraine talks, Abbott cuts outlook & more
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Wall Street's major averages advanced on Wednesday as investors' sentiment was lifted due to SpaceX's better-than-expected Q3 results, lower oil prices, and important upcoming earnings reports. The benchmark S&P 500 ( SP500 ) was last +0.3%, while the tech-heavy Nasdaq Composite COMP ) was +0.7%, and the blue-chip Dow ( DJI ) was +0.1%. Now, here are four news stories that broke in the morning to watch out for: Putin agrees to resume Ukraine talks: Russian President Vladimir Putin agreed in principle to resume trilateral peace talks with the United States and Ukraine, according to Kremlin foreign affairs adviser Yuri Ushakov. The announcement followed a meeting in St. Petersburg between Russian officials and U.S. special envoy Steve Witkoff, who arrived after consultations in Norway with Ukrainian President Volodymyr Zelensky and European leaders. Ushakov indicated talks could continue after November 10, though no immediate schedule for the next round has been announced. AT&T shares slip despite earnings beat: AT&T T shares fell about 4.6% in premarket trading after the telecom giant reported third-quarter results that topped estimates on most metrics but missed on subscriber growth. Revenue rose 5.3% year over year to $32.3 billion, beating the $31.7 billion estimate, while adjusted earnings per share increased to $0.65 from $0.54 a year earlier. However, postpaid phone...
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Third-quarter revenue reached $13.0 billion with approximately 14.5% year-over-year growth, exceeding consensus by $20 million, while adjusted earnings per share improved 9% to $1.42.
